Question

what are the main objectives of public finance in underdeveloped country?​

Answer 1

Answer:

The goals or objectives of public finance in developing countries are those of economic policy as a whole: economic growth, internal and external stability, and the attainment of an appropriate distribution of income and wealth.

Answer 2

These are the main objectives of public finance in underdeveloped country...

• The main objective of public finance in a developing country is to manage basic needs like food, health, housing and education and other basic facilities of the people of their country. All these basic needs can be met through public finance.
• Public finance accelerates the rate of economic development of an economic country.
• In a developing country, the main focus of public finance is the allocation of resources, so that it eliminates inequality and distributes all resources equally among all classes.
• Public finance maintains the stability of the currency, thereby helping to control inflation.
• The purpose of public finance in a developing country is also to generate employment, which accelerates the rate of economic growth of the country.
• Public finance is meant to meet the basic needs of the nation. Public finance maintains the value of that country's currency in the international market.

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